Following the abandonment of the assumption of full
knowledge by neoclassical economists, the notion of uncertainty is considered
to be one of the determining factors in deciding to take a decision. In today's
discourses of economists and in the media, the concepts of uncertainty and risk
often come to the fore. Uncertainly as a fact of life, people are confronted in
every aspect of life when they shower in the bathroom, while walking down the
street or investing in financial instruments. While the concepts of uncertainty
and risk are often used together by the society, they actually have different
meanings. In this study, the concepts of uncertainty and risk will be defined
and the difference between these concepts will be examined from a conceptual,
philosophical and mathematical point of view. Differences between the concepts
of uncertainty and risk will be revealed by using the literature.
Primary Language | Turkish |
---|---|
Journal Section | Articles |
Authors | |
Publication Date | June 20, 2018 |
Acceptance Date | June 20, 2018 |
Published in Issue | Year 2018Volume: 2 Issue: 1 |